Mar
Manchester city centre has become a hotbed for property investments in recent years. With the ever growing demand for modern, comfortable living spaces, property investors of all types are increasingly turning to the city to grow their portfolio. However, with so many options available, it can be challenging to identify the most lucrative investment opportunities.
This month we will explore the top three investment properties in Manchester city centre. These properties are not only located in prime locations but also offer attractive rental yields and potential for capital growth. Whether you are an experienced property investor or a newcomer to the market, this article will provide you with valuable insights into the Manchester real estate market and help you make an informed investment decision.
- Our first property this month is a one bedroom apartment located in the centre of media city overlooking the Quays. Number One (the name of the building and it’s place in our list) is benefits from 24 hour concierge and is right on top of some of the city’s most fashionable bars and restaurants making it an excellent property for working professionals. The apartment is currently let for £775 PCM and generates a gross yield 5.2%.
Asking price: £165,000
View the full listing: Number One, Media City, Salford Quays, Salford, M50 2BB – Philip James - Next up is a two bedroom penthouse apartment in the stylish Wilburn Basin. Wilburn Basin is a five-minute stroll from the Castlefield district of Manchester city centre. The apartment offers fantastic views across the city and benefits from a large balcony. Residents’ amenities include a 24/7 concierge, a gym, cinema, residents’ lounge and meeting rooms. Externally, there are landscaped gardens and seating areas around the River Irwell, as well as secure gated access to the river. The apartment is let until January 2024 and generates a rental income of £1500 PCM representing a 4.8% yield.
Asking price: £375,000
View the full listing: Wilburn Basin, Ordsall Lane, Salford, M5 4XU – Philip James - Our final property for this month is a two bedroom, two bathroom duplex apartment in the Albion Works building. This modern apartment boast two large balconies giving the tenant excellent views across the city. This property is offered for sale with no chain and generates a rental income of £1000 PCM representing a 5% yield.
Asking Price: £239,950
View the full listing: Albion Works, Block D, 12 Pollard Street, Manchester, M4 7AT – Philip James
These properties have a diverse range of features and price points, making them attractive not only to various types of tenants but also to a wide range of investors. What is important to remember when it comes to property investment is that you do not have to be a full-time landlord to be an investor. When working with Philip James, we can help you professionally manage your assets to ensure you maximise your rental returns.
If you want to find out more about our available investment properties, contact Adam on 0161 828 8202or email adam@philipjames.co.uk.
